FxWirePro: Adjustments in KRW derivatives portfolio on dovish BoK
Jun 06, 2016 12:52 pm UTC| Central Banks Insights & Views
The KRW rates market has re-priced significantly higher its expectation for BoK easing, now pricing in a 66% chance of a cut in the next three months versus only around 35% before the May MPC minutes. But in this meeting...

June hike off the table, Fed to seek more evidence before pushing rates higher
Jun 06, 2016 10:58 am UTC| Insights & Views Central Banks
Non-farm payrolls report for May released last Friday showed US employment growth slowed sharply to 38k jobs in May which was weak even after adding back the 35k striking Verizon workers. Revisions to previous payroll data...

Jun 03, 2016 12:01 pm UTC| Insights & Views
We remain bearish on a trend basis. We forecast the gold spot price to average $1,150/oz during Q4 2016 and $1,050/oz during 2017. The strong gold rally during the first four months of this year was driven largely by...

FxWirePro: How do you tone down divergence between MXN and crude oil?
Jun 03, 2016 11:41 am UTC| Insights & Views
The connection between crude oil prices and EM currencies has been elevated over the past few years, but the relationship is starting to significantly weaken. It is quite likely that the oil-FX correlation continues to...

Overall Chinese business activity growth weakens for the second month in a row in May
Jun 03, 2016 11:39 am UTC| Insights & Views
May survey data indicated that overall Chinese business activity growth weakened for the second month in a row. Official purchasing managers indices tracking activity in Chinas manufacturing and non-manufacturing sectors...

Jun 03, 2016 10:43 am UTC| Insights & Views
We do not believe TRY will trade back below 2.85 going forward in long run despite some momentary dips. Inflation differentials alone would take fair value to well above 3.00. Moreover the ongoing support from the EU on...
Jun 03, 2016 10:03 am UTC| Insights & Views
The Q1 GDP and April fiscal releases this week managed to surprise us to the upside. As such, we see some upside risk to growth and fiscal forecasts. The Brazilian economy shrank 0.3% in Q1 of 2016, following a...